Liam: I favor a much simpler approach to applying the discount. Simply give a sales rebate to the consumer directly. Leave the business out of it entirely. He sets his price and he gets paid. The consumer gets a “rebate” after the fact. Two simple ways to implement.
Me: Either way the economic effect is the same, and its implementation is indeed not complicated in any way especially with cybernetics advanced as far as it is.
IMO the discount needs to be a high percentage. The higher the better. That way the big mega stores and discounters like Walmart, Kohl’s etc. won’t be able to opt out of it with their phony inflation of prices and then 30-40% discounts which after their “discounts” are only 5 or maybe 10% less than every place else. You’ll have price differences of course, but competition will still apply, especially if you discount everything sufficiently. If its at or right after retail sale no economic agent consumer or business is harmed by it because business is guaranteed their best price despite the rebate and the economic process has transformed itself from production to consumption. And of course the real point is to increase consumer demand and eventually downsize any necessity for consumer finance….even for big ticket items. The discount is a powerful means of implementing Grace as in Gifting as a new paradigm integrated into the economy and so ending Finance’s domineering and manipulative hold on everyone and all businesses.
It’s a no-brainer.
Liam: I must disagree with you John on a few points. I highly doubt that the rich will buy more houses, shoes, suits, cars, food, etc. than they already have. They already have more than enough and this will not change their buying habits one iota. At the same time, I am quite sure the poor guy who gets a 20% refund on his groceries will be far more appreciative of the discount than the billionaire who gets the discount on his new yacht. In terms of market impact, there are a hell of a lot more small-ticket items bought by the 99% than there are goods consumed by the 1% in terms of gross dollar amounts. I believe this is a red herring and a non-issue. Show me hard numbers to prove me wrong. We have a $100 Trillion dollar world economy. How much does the 1% spend on retail goods?
Me: Yeah, who gives a damn whether the rich buy a yacht for $200k less? It’s basically a hold over of socialist envy to worry about it. The Social Credit/Wisdomics-Gracenomics paradigm of Grace is not reactionary in any way, it’s mentally and ethically integrative and evolutionary and so will tend to change and replace the core sentiments of capitalism (profit/acquisition) and socialism (anger and envy). Integrating philosophy-thinking and policy-action is powerful stuff.